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1209 N Wilmington Blvd. — Wilmington | Belmont Brokerage

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$990,000

6,104 sqft lot|1965 Built|8 DOM

1209 N Wilmington Blvd., Wilmington, CA 90744

Property Description

Priced at $990,000 ($222 Per SQFT), this 5-unit building features very spacious 2-bedrooms with tenant coveted in-unit laundry. One of the units is a townhome-style apartment with 1.5 baths, ideal for a possible owner/user. The property features separate gas & electric meters, helping keep utility expenses lower. Each unit has a dedicated parking space. The building is fully occupied with below market rents, upon turnover an new owner can raise rents +/-60%, in total. Future vacant units should have a rental advantage due to their size, laundry capability, and high visibility along Wilmington Blvd. Strategically located just a half-mile from the 110 Freeway, this building offers rapid access to the greater Los Angeles region. It features a convenient commute for a local workforce and is a short drive from the Port of Los Angeles and the Port of Long Beach. Additionally, the property is situated only 0.75 miles from Los Angeles Harbor College.

Listing provided by: Derek FowlerDRE #01319692310-802-2500 dfowler@remax.net, Re/Max Commercial & Investment

MLS #: SB26079580